Average rents on the new residential segment in Bucharest dropped by 6% in semester I of the year, compared to the same period of 2020, according to an analysis made by the real estate consulting company SVN Romania, according to which the residential market resisted very well to the shock produced by the pandemic, while the rental sector was strongly affected. The present occupation degree of those a;apartments is 90%, over 9,700 units being rented by tenants for medium- long term, that is for at least 6 months. On the overall, over 55,000 lodgings were have been completed since 2018 to the present day, according to INS statistics and SVN Romania estimates. Over 5,500 lodgings have been purchased by investors, representing 10% of total sales. Of them, about 45% were resold , the rest being offered for rental in order to obtain a long term profit. On the average, rents for the new residential segment in Bucharest dropped by 6% in semester 1, 2021 compared to the same period of 2020. For the next 12 months, a linear evolution is estimated taking into account both results recorded by local economy and the immunization degree and the return of employees to office buildings, since the beginning of the academic year. On the average, a new two room apartment located in Bucharest is rented for 250-350 euros for the mass market segment, with 450-600 euros for the middle market segment, a new three room apartment is rented for values between 600 and 900 euros while a villa can be rented for 750 euros on the average.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
